I read that line and it always pays to continuously review your strategy when building a business and requiring further capital but that doesn't mean it's capital strategy has to be a share issue. It really wasn't clear at all that the way they were going to go about it was a significant (50%) discount to the current share price for a total of $16.2mill. That's not a strategy, that's a last-ditch fire sale resort which just doesn't tie in with the rhetoric of growth that they were at pains to explain in their October 3rd commercial update and October 15th investor presentation. And it doesn't tie in with the 9 months they still had left to pay out the loan.
Still makes no sense to me and I doubt it ever will as they just don't want to be up-front and honest about their true reasons for doing this.
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